ExlService (NASDAQ:EXLS) Hits New 52-Week High - Here's What Happened

ExlService Holdings, Inc. (NASDAQ:EXLS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $46.37 and last traded at $46.32, with a volume of 53174 shares changing hands. The stock had previously closed at $45.73.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXLS. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Robert W. Baird raised their target price on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price objective on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Stock Up 2.6 %

The stock has a market capitalization of $7.55 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company's fifty day moving average price is $38.95 and its 200-day moving average price is $34.52.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to analysts' expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business's revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. Analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares of the company's stock, valued at $4,304,254.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Rohit Kapoor sold 100,000 shares of the firm's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the transaction, the insider now owns 102,825 shares of the company's stock, valued at $4,304,254.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 285,498 shares of company stock valued at $11,556,573 over the last 90 days. Insiders own 4.16% of the company's stock.

Institutional Investors Weigh In On ExlService

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of ExlService by 18.2% in the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider's stock worth $8,174,000 after buying an additional 39,537 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of ExlService in the 1st quarter valued at about $19,417,000. Vanguard Group Inc. grew its stake in shares of ExlService by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider's stock valued at $546,208,000 after buying an additional 160,723 shares in the last quarter. Bessemer Group Inc. boosted its position in ExlService by 7.8% during the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider's stock worth $20,030,000 after purchasing an additional 45,336 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of ExlService by 317.0% in the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider's stock valued at $8,003,000 after acquiring an additional 194,000 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.